DocuSign, Inc. (NASDAQ:DOCU) Stock Position Decreased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lowered its holdings in DocuSign, Inc. (NASDAQ:DOCU) by 11.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,689 shares of the company’s stock after selling 1,370 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in DocuSign were worth $635,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its position in DocuSign by 422.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,733 shares of the company’s stock valued at $283,000 after purchasing an additional 5,444 shares during the period. Teacher Retirement System of Texas grew its position in shares of DocuSign by 2.7% during the third quarter. Teacher Retirement System of Texas now owns 15,675 shares of the company’s stock worth $658,000 after acquiring an additional 411 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of DocuSign by 25.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 23,945 shares of the company’s stock worth $1,006,000 after acquiring an additional 4,913 shares during the period. Principal Financial Group Inc. lifted its position in DocuSign by 3.6% in the 3rd quarter. Principal Financial Group Inc. now owns 25,027 shares of the company’s stock valued at $1,051,000 after purchasing an additional 859 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in DocuSign by 4.1% during the 3rd quarter. California Public Employees Retirement System now owns 374,621 shares of the company’s stock valued at $15,734,000 after purchasing an additional 14,739 shares during the period. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DocuSign

In other news, Director Peter Solvik sold 15,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $60.00, for a total transaction of $900,000.00. Following the transaction, the director now directly owns 783 shares in the company, valued at approximately $46,980. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Allan C. Thygesen sold 7,765 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $53.31, for a total transaction of $413,952.15. Following the completion of the sale, the chief executive officer now directly owns 104,002 shares of the company’s stock, valued at approximately $5,544,346.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Peter Solvik sold 15,000 shares of DocuSign stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $60.00, for a total value of $900,000.00. Following the completion of the transaction, the director now owns 783 shares in the company, valued at $46,980. The disclosure for this sale can be found here. Insiders have sold a total of 55,277 shares of company stock valued at $3,159,756 in the last 90 days. 1.66% of the stock is currently owned by corporate insiders.

DocuSign Price Performance

Shares of DOCU opened at $58.04 on Thursday. The company has a 50-day moving average of $58.48 and a two-hundred day moving average of $55.06. The stock has a market cap of $11.92 billion, a price-to-earnings ratio of 161.23, a PEG ratio of 5.23 and a beta of 0.88. DocuSign, Inc. has a one year low of $38.11 and a one year high of $64.76.

DocuSign (NASDAQ:DOCU) last announced its earnings results on Thursday, March 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. The company had revenue of $712.39 million for the quarter, compared to the consensus estimate of $698.05 million. DocuSign had a net margin of 2.68% and a return on equity of 13.91%. Analysts anticipate that DocuSign, Inc. will post 0.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DOCU has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a report on Friday, April 12th. UBS Group raised DocuSign from a “sell” rating to a “neutral” rating and increased their price target for the stock from $48.00 to $62.00 in a research note on Friday, April 12th. Wells Fargo & Company reduced their price objective on shares of DocuSign from $55.00 to $45.00 and set an “underweight” rating for the company in a report on Monday, February 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $59.00 target price on shares of DocuSign in a research report on Friday, April 12th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $84.00 price objective on shares of DocuSign in a report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $60.25.

DocuSign Company Profile

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.